USDCAD continues the stretch toward 2024 high but falls just short ...Middle East

USDCAD Technical AnalysisThe USDCAD has experienced a volatile month, with one day remaining. Key milestones include:Monthly low: 1.3472 (October 2)Monthly high: 1.3938 (today)Trading range: 466 pips, second-largest since December 2022Uptrend dominant throughout the monthTechnically:Price rarely dipped below 100-hour moving averageLast breach: Thursday last week, with support at 1.3813 holding and bouncing higherToday's high: within seven pips of August's 2024 high (1.39458)Break above 1.39458 targets November 2022's high (1.3977)Buyers maintain control, but sellers seek to regain ground. To achieve this:Step one: Sustain prices below 100-hour moving average (1.38877)Failure to do so indicat

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USDCAD continues the stretch toward 2024 high but falls just short ...Middle East

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